Sensex
81,118.60 profit arw -573.38 (-0.70%)
Nifty
24,718.60 profit arw -169.60 (-0.68%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 01-Feb-2024
Other Markets - Bullion Markets
01-Feb-2024     14:18

Gold Slide below $2060 as Dollar Strength Prevails; Eyes on PMI & Payrolls

Gold futures dipped below $2060 per ounce in Asia's electronic trades, influenced by a robust dollar index reaching seven-week highs at 103.62. Federal Reserve Chair Jerome Powell's comments, dismissing expectations for a March interest rate cut, contributed to the dollar's strength. Powell emphasized the commitment to maintain rates until inflation moves toward the 2% target. Investors await Thursday's jobless claims and ISM PMI reports, along with Friday's crucial monthly jobs report. Despite economic data, ongoing geopolitical concerns are expected to provide support for the precious metal. MCX April gold futures traded Rs 149 lower at Rs 62586 per 10 grams.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

81,118.60 -573.38 (-0.70%)

Nifty

24,718.60 -169.60 (-0.68%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,892.57 -142.82(-0.59%)